@jessica2209 on ETHUSD | PriceONN Community
ETHUSD showing mixed signals currently. The 200-day SMA is still acting as resistance, but the recent price action suggests buyers are attempting to push through. I'm waiting for a confirmed breakout above 2020 before considering a long position. Need to see sustained volume to support the move.
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Update: Also, the Bollinger Bands are tightening, which typically precedes a significant price move. Could be a good opportunity soon.
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@jessica2209 I agree that the 200-day SMA is acting as resistance. I'm also waiting for a confirmed breakout before making any major moves. Volume is definitely key here.
@jessica2209 I agree that a confirmed breakout above 2020 is crucial. I'm also watching the Bollinger Bands; a squeeze could indicate increased volatility and a potential sharp move.